Oman: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Oman

The Omani market for self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022, with an increase of 19% against the previous year. In general, consumption continues to indicate a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Oman

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Oman

In 2022, exports of self-adhesive plastic tape in rolls of a width under 20cm from Oman fell dramatically to X tons, with a decrease of -18.8% compared with the previous year. In general, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 1,473%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm shrank to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 931%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Oman, with a 72% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Qatar exceeded the volume sent to the second major destination, Somalia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+113.0% per year) and the United Arab Emirates (+0.3% per year).

In value terms, Qatar ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Oman, comprising 73% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+12.4% per year) and Somalia (+26.7% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 30% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Somalia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Oman

In 2022, overseas purchases of self-adhesive plastic tape in rolls of a width under 20cm increased by 11% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 133%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm rose modestly to $X in 2022. Over the period under review, imports posted a notable increase. The pace of growth was the most pronounced in 2015 when imports increased by 103%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Oman, accounting for a 68% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.6% per year) and Saudi Arabia (+0.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Oman, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.4% per year) and Saudi Arabia (-6.2% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, reducing by -5.4% against the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :